Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.

Get a Professional Answer

Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.

100% Satisfaction Guarantee

Rate the answer you receive.

Ask TonyTax Your Own Question

TonyTax, Tax Consultant

Category: Tax

Satisfied Customers: 15976

Experience: Inc Tax, CGT, Corp Tax, IHT, VAT.

13905389

Type Your Tax Question Here...

TonyTax is online now

I work as an online medical transcriber and complete self assessment

Customer Question

I work as an online medical transcriber and complete self assessment for tax purposes. In December I had to purchase a new computer at a cost of £800 in order to be able to carry out my work, can I claim this as expenses on my self assessment tax return.

You can claim capital allowances on the cost either over a period of several tax years under the writing down allowance rules at 18% per annum on a reducing balance or in one year under the annual investment allowance rules. You should disallow a percentage of your claim to reflect any private usage of the computer. Given the relatively low cost, it would be simplest to write off the total cost against the year of purchase. Read about capital allowances here.

If you want to claim the expense in one year under the annual investment allowance rules, you take £800 and deduct the private use element and put the resulting figure into box 23 of the short self-employment pages here or box 49 of the full self-employment pages here.

Ask a Tax Professional

Get a Professional Answer. 100% Satisfaction Guaranteed.

Tax Professionals are online now

Type Your Tax Question Here...

characters left:

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.